How do you calculate current ratio

timer Asked: Sep 5th, 2015

Question description

Wyne incorporated had the following transactions involving current assets and current liabilities during Feb 2014

Feb 3 collected accounts receivable of $10800

Feb 14 Paid accounts payable of $11000

Feb 18 Declared cash dividends $4000

Feb 1 current assets were 131500 and current liabilities were 30400. Compute the current ratio as of the beginning of the month and after each transaction

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